Goodman Fielder ‘arrests’ declines

Shares in bakery giant
Goodman Fielder
have bumped along the 52¢ mark since October and are down nearly 60 per cent this year as the company embarks on a strategic review in a bid to turn around its fortunes. The company reported a net loss of $166.7 million for the 2011 financial year. It is considering the sale or joint venture of its flour milling and commercial oils businesses to improve its bottom line. At its recent annual general meeting the company declined to give specific guidance, but chairman
Max Ould
said the company had been able to “arrest" earnings declines over the first quarter of the 2012 financial year.